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Hedging, Staking and Saving – The Signs that Point to a Maturing DeFi Market

DeFi is currently on a maturity curve comparable to the same one that the cryptocurrency markets have undergone over recent years. DeFi is currently on a maturity curve comparable to the same one that the cryptocurrency markets have undergone over recent years. Like Bitcoin and Ethereum, the earliest pioneers, such as Maker, Uniswap, and Bancor, … Continue reading Hedging, Staking and Saving – The Signs that Point to a Maturing DeFi Market

New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done

Normal 0 false false false EN-US X-NONE X-NONE Kevin Parker, New York senator, has introduced a bill in the New York state Senate to halt Bitcoin mining for three years until the state evaluates its impact on the environment. The prominent legislator presented New York Senate Bill 6486 to The State Senate’s Environmental Conservation Committee … Continue reading New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done

Mastercard Survey Suggests that Consumer Appetite for Cryptocurrency Payments Is Surging

Mastercard released a survey that revealed that there has been a growing demand for digital payments from consumers. The Mastercard New Payment Index shows that more than 93% of consumers are considering innovative payment methods, such as biometrics, digital currencies, and QR codes. Due to the impact of the COVID-19 pandemic, consumers have undergone tremendous … Continue reading Mastercard Survey Suggests that Consumer Appetite for Cryptocurrency Payments Is Surging

New Depositors of Ethereum 2.0 Hits All-Time High of 1,368

Ethereum (ETH) has been setting a precedent in altcoins as the second-largest cryptocurrency has enjoyed a remarkable bull run, which saw the psychological price of $3,000 breached. ETH spiked to a new all-time high (ATH) of $3,523.59 following a massive short squeeze, but it has retracted to $3,383 at the time of writing, according to … Continue reading New Depositors of Ethereum 2.0 Hits All-Time High of 1,368

Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC

The Digital Dollar Project has announced it will begin a pilot test for a Central Bank Digital Currency (CBDC) in the United States. According to the official announcement, the primary goal of the Digital Dollar pilot test will be to “address some common challenges faced by different stakeholders, including consumers, businesses, financial institutions, and fintech,” … Continue reading Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC

Bitcoin, Ethereum, and Cryptocurrency MegaCap Indices Debut on S&P

S&P Dow Jones Indices has introduced three cryptocurrency indices that will measure the performance of digital assets. The three cryptocurrency indices that will feature on the S&P will be a Bitcoin Index, an Ethereum Index, and a Cryptocurrency Megacap Index, designed to track the performance of Bitcoin and Ethereum weighted by market cap. Per the … Continue reading Bitcoin, Ethereum, and Cryptocurrency MegaCap Indices Debut on S&P

Bitcoin Needs to Flip $56.5K to Support Level to Retest $60,000, says Market Analyst

KAfter falling to lows of $48.5K based on speculations that the American administration would increase capital gains taxes, Bitcoin (BTC) has been trying in vain to soar back to the $60K level. The leading cryptocurrency scaled to new heights above $64,500 last month, but it has found itself in a consolidation market ever since. BTC … Continue reading Bitcoin Needs to Flip $56.5K to Support Level to Retest $60,000, says Market Analyst

Former US Treasurer Joins Ripple Board

Rosa “Rosie” Gumataotao Rios, the 43rd Treasurer of the United States of America under former President Barack Obama, is joining Ripple Labs Inc. As revealed by the company, Rosie will be joining the firm alongside Kristina Campbell who will take up the role of Chief Financial Officer. The announcement comes following the ongoing legal battle … Continue reading Former US Treasurer Joins Ripple Board

Robinhood Crashes as Dogecoin Soars to Fresh All-Time High

Robinhood experienced technical difficulties during Dogecoin (DOGE)’s spike to a new all-time high. The meme-based cryptocurrency recently achieved a new milestone, breaking $0.60 for the first time yesterday. DOGE, currently the fourth-largest cryptocurrency by market cap, has now achieved a valuation exceeding that of Twitter and Ford, at $86.63 billion. Amid its spike, Robinhood experienced … Continue reading Robinhood Crashes as Dogecoin Soars to Fresh All-Time High

Ethereum Spikes to New ATH Following Massive Short Squeeze

Ethereum (ETH), the world’s second-largest digital currency by market capitalization has been seeing a good upside in growth over the past few days, as retail interest, evident by growing transaction volumes has stirred a run in price. The growth was has been further complemented by the run in the price of the cryptocurrency to a … Continue reading Ethereum Spikes to New ATH Following Massive Short Squeeze